$1,980,000

318 67th St Brooklyn, NY 11220

Bay Ridge Neighborhood

Estimated payment $12,177/month

Total Views 4,631
-- Bed
9 Baths
4,320 Sq Ft
$458 Price per Sq Ft

Highlights

  • 4,000 Sq Ft lot
  • 4-minute walk to Bay Ridge Avenue
  • Multiple cooling system units
  • Junior High School 259 William McKinley Rated A
  • Wood Flooring
  • 3-minute walk to John Allen Payne Playground

About This Home

EXCELLENT CONDITION ALL BRICK 8 FAMILY HOUSE IN DESIABLE BAY RIDGE AREA. HOUSE WAS RENOVATED RECENTLY.
BUILDING CONSISIT OF SIX 2 BEDROOMS APARTMENTS AND TWO 1 BEDROOM APARTMENTS. GROSS INCOME $125,000. GROSS EXPENSE $43,400. INDIVIDUAL GAS/ELECTRIC METERS FOR EACH APARTMENT. FINISHED BASEMENT WITH ADDITIONAL STORAGE. 3 CARS PARKING SPACE. PERFECT FOR END USE WITH STEADY INCOME. LOTS OF POTENTIAL WITH RENT INCREASE.CLOSE TO TRANSPORTATION, RESTAURANTS. MOVE FAST!

Listing Agent

Simon Liang

Real Broker NY LLC Listed on: 07/26/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,511

Year Built

  • Built in 1925

Lot Details

  • 4,000 Sq Ft Lot
  • Lot Dimensions are 100 x 40
  • Back and Front Yard

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Block Foundation
  • Stucco Exterior

Interior Spaces

  • 4,320 Sq Ft Home
  • 2-Story Property
  • Finished Basement
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Laminate

Parking

  • 3 Parking Spaces
  • Shared Driveway

Utilities

  • Multiple cooling system units
  • Window Unit Cooling System
  • Hot Water Heating System
  • Heating System Uses Gas
  • 220 Volts
  • Gas Water Heater

Listing and Financial Details

  • Tax Block 5850

Community Details

Overview

  • 8 Units

Building Details

  • Fuel Expense $5,677
  • Insurance Expense $5,698
  • Utility Expense $2,812
  • Gross Income $123,432
  • Net Operating Income $80,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,511

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Basement Amenities: Finished, Full
  • Borough: Brooklyn
  • Building Length: 72.00
  • Building Width: 30.00
  • Confirmed By M L S Y N: Yes
  • Cross Street: 3RD AVENUE
  • Handicap Access Y N U: No
  • Heat Delivery: Hot Water
  • Number Of Families: 8
  • Parking Attributes: 3 Spaces
  • Parking Feature Single: Shared Drive
  • Property Sub Type: Multi-Family
  • Prop. Type: Residential
  • Residential Features: A/C Unit - Window
  • Fill Sq Ft Total: 4320
  • Building Stories: 2
  • Street Name I D X: 67th
  • Building Style: Other
  • Year Built: 1925
  • Special Features: None
  • Stories: 2

Interior Features

  • Basement Full Bathrooms: 8
  • Three Quarter Bathrooms: 1
  • Flooring: Hardwood, Laminate
  • Lot Sq Ft: 4000

Exterior Features

  • Yard: Back, Front
  • Exterior Building Type: Detached
  • Construction Type: Block, Brick
  • Exterior: Brick, Stucco
  • Foundation Details: Block
  • Lot Number: 18
  • Roof: Flat

Utilities

  • Air Conditioning Units: 5+
  • Electric: 220 V
  • Heating Fuel: Gas
  • Hot Water: Gas

Fee Information

  • Annual Fuel Expense: 5677.00

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 100
  • Lot Size Width: 40

Rental Info

  • Rent Income: 123432

Multi Family

  • Annual Gross Expense: 43428.00
  • Annual Gross Income: 123432
  • Insurance Expense: 5698.00
  • Miscellaneous Expense: 500.00
  • Property Net Operating Income: 80000.00
  • Unit Count: 8
  • Annual Utility Expenses: 2812.00

Tax Info

  • Flip Tax Amount: 21511.00

Map

Range of Values:

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Value Increase
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/20/2024 08/20/24 Price Changed $1,980,000 -9.2% $458 / Sq Ft
07/26/2024 07/26/24 For Sale $2,180,000 -- $505 / Sq Ft
Source: Brooklyn Board of REALTORS®

Source: Brooklyn Board of REALTORS®

MLS Number: 484859

Brooklyn Board of REALTORS®

APN: 05850-0018

New York Kings County Brooklyn 11220 Bay Ridge

318 67th St, Brooklyn, NY

For Sale

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Simon Liang
Listing Agent
Simon Liang
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Real Broker NY LLC
(929) 209-5966